BUY 25.0% 0.5¢ bounty oil & gas nl

Tokyo,Thanks for the article, in reference to."Tom Fontaine, the...

  1. 274 Posts.
    Tokyo,

    Thanks for the article, in reference to.


    "Tom Fontaine, the managing director of Bounty, reckons the oil in the ground is worth A$10 a barrel, thus its share would be worth A$260 million. If you prefer it in US dollars then the figures are: the oil is worth US$3.8 a barrel in the ground, multiply this by 26 million barrels and you get a value of US$98.8 million. "


    Isn't $260Mill AUD = $200MilUSD not $98.80Mill USD (AUD/USD = 0.77)

    Not holding, just following atm.

    Ta
 
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